Avoid Pre-Funding with Instant Settlements

Smarter Use of Capital Even in Who Uses On-Demand Liquidity?

Hard-to-Reach Markets

International payments, especially in emerging

markets, require businesses to hold pre-funded
accounts in destination currencies. It’s a costly
endeavor that ties up resources.

RippleNet provides an alternative. While any

financial institution on the network enjoys reliable,
instant and lower-cost transactions, those who use
the digital asset XRP to source liquidity can do so
in seconds–freeing up capital and guaranteeing the
most competitive rates available today.

How On-Demand Liquidity Works

RippleNet customers can use XRP to bridge two

currencies in under three seconds, ensuring
payments are quickly sent and received in local
currency on either side of a transaction.

Why XRP?

XRP is ideally suited for global Instant payment Unmatched efficiency Scaled growth into new
payments because it is quicker, delivery, 365 days a in moving money markets without the
less costly and more scalable year, 24 hours a day between two currencies need to pre-fund or
that any other digital asset. (less than 3 seconds) establish a new account
Step-by-Step Guide to On-Demand Liquidity

Sender Receiver

1. The sender requests a quote on pricing and FX.

2. Ripple’s technology calculates the pricing and FX across all parties, and returns a quote to the sender.
3. The sender accepts the quote and submits payment instructions, initiating the payment.
4. The send-side exchange debits the sender’s account, and converts that amount (less fees) into XRP.
5. XRP is sent across the XRP Ledger (settles in 3 seconds) from the send-side exchange to the receive-side exchange.
6. The receive-side exchange converts XRP into local currency, and credits the sender’s account (less fees).
7. Ripple’s technology confirms the amount received is accurate, and will top up the sender’s account if needed.
8. The receive-side exchange forwards the payment to the receiver.
9. The receiver forwards the payment if necessary.
10. The sender and receiver confirm the transaction is complete.

Ripple provides one frictionless experience to send m oney globally using Join The Network
the power of blockchain technology. By joining Ripple's growing, global To learn m ore about how your financial institution
network RippleNet, financial institutions can process their custom ers' can be Ripple-enabled, please contact us at ripple.com /contact
paym ents anywhere in the world instantly, reliably and cost-effectively.
Banks and paym ent providers can use the digital asset XRP to further
reduce their costs and access new m arkets.

Globally recognized venture capital firm s and strategic partners invest

in Ripple.